US tech firm AutoAcquire AI acquires Pakistani AI startup Virtuans in seven-figure deal

In a significant moment for Pakistan’s technology ecosystem, Virtuans AI, a conversational artificial intelligence startup founded by Pakistani entrepreneurs Raheel Ahmad and Muddassar Sharif, has been acquired by AutoAcquire AI, a US-based automotive technology company. The acquisition, valued at seven figures USD in a combination of cash and equity, comes less than two years after Virtuans launched operations, which is a testament to the calibre of AI innovation emerging from Pakistan, read a statement. Meanwhile, both founders, Raheel and Mudassar, have been appointed to leadership positions at AutoAcquire. Virtuans AI developed autonomous conversational agents capable of handling sales and customer support functions across businesses.